383 Commercial Street, 701, Portland, ME 04102
$3,750,000
Property Type:
Residential
Bedrooms:
3
Baths:
4
Square Footage:
3,148
Status:
Active
Current Price:
$3,750,000
List Date:
10/08/2024
Last Modified:
4/16/2025
Description
Portland, Maine, has risen to prominence as one of the nation's most sought-after small cities. The property at 383 Commercial St Penthouse PH7 presents an unparalleled opportunity, offering outstanding value at \$1192 per square foot, notably below the city's luxury condominium market values.
The residence is ideally located within walking distance of esteemed, nationally acclaimed restaurants, the scenic waterfront, and the historic Old Port, which features diverse galleries, museums, music venues, and private marinas. Its proximity to Portland's international airport and top-tier medical facilities enhances its appeal. Moreover, residents enjoy convenient access to recreational pursuits such as hiking, skiing, boating, fishing, kayaking, and canoeing. Unit #701 stands out as Hobson Landing's premier PH7 penthouse, boasting panoramic water views of Portland Harbor extending to Casco Bay from a private 700+ sq ft observation deck, affectionately known as 'Vantage Point'. The penthouse includes three bedroom suites, a generous den/bedroom with a private balcony offering skyline views, custom cabinetry, custom woodwork with luxurious appointments, and garage parking with an additional EV charging space available. The exceptional dining room features a gas fireplace and 3 1/2 baths, complete with high-end appliances, including a 36-inch Wolf range, Sub-Zero refrigerator, and Marvel wine refrigerator. Hardwood flooring, over 9-foot ceilings, a gas fireplace, and radiant heat in the primary bathroom are standard throughout all units. Residents also benefit from a 24-hour secure lobby entrance with concierge service, a clubroom with a fireplace, deck, and full kitchen, a fitness center, a dog wash, a reservable guest suite, a courtyard with grills, and a shared workspace. Located only 1 hour and 45 minutes from Boston, MA.
To experience this exceptional property firsthand, please call to arrange a private showing at your convenience.
Supplements: ********
More Information MLS# 1605707
Property Sub-Type
Property Sub-Type: Condominium
Location Information
Street #: 383
Street Name: Commercial
Street Type: Street
Unit #: 701
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04102
Leased Land: No
Book: 39239
Page: 38-39
Map: 042
Lot: A002
Zoning: Mixed Use
Zoning Overlay: Yes
Association: Yes
Association Fee: 1039
Fee Frequency Paid: Monthly
School District: Portland Public Schools
Full Tax Amount $: 42125
Tax Year: 2023
Geo Lat: 43.650465
Geo Lon: -70.25798
Contract Information
Status: Active
Original List Price: 3750000
List Price: $3,750,000
Current Price: $3,750,000
Property Information
Surveyed: Yes
Seasonal: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
# Rooms: 8
# Bedrooms: 3
# Fireplaces: 1
Total Full Baths: 3
Total Half Baths: 1
Total Baths: 4
Year Built: 2021
SqFt Finished Above Grade: 3148
SqFt Finished Total: 3148
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 1
Source of Acreage: Public Records
Road Frontage: No
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Casco Bay
Condominium
Unit Type: Condo
Building #: 701
Floor #: 7
FHA Certification: Yes
VA Certification: No
Rental Allowed: Yes
# of Buildings: 1
Units in Building: 86
Total Units: 86
Rental Terms: negotiable to cap
Parking
Reserved Parking: Yes
Reserved Parking Spaces: 1
Utilities
Utilities On: Yes
Property Features
Site: Level; Sidewalks; Well Landscaped
Location: Historic District; Intown; Near Shopping
Roads: Public
Transportation: Deep Water Access; Major Road Access; Near Airport; Public Transport Access
Water Body Type: Harbor
Recreational Water: Nearby
View: Scenic
Appliances Included: Dishwasher; Disposal; Dryer; Gas Range; Refrigerator; Washer
Kitchen Countertop: Quartz
Style: Contemporary
Construction: Steel Frame
Basement: None
Basement Entry: Not Applicable
Foundation Materials: Poured Concrete
Roof: Flat; Membrane
Exterior: Brick; Fiber Cement
Heat System: Heat Pump; Zoned
Heat Fuel: Gas Natural
Water Heater: Gas
Cooling: Central Air
Floors: Tile; Wood
Amenities: Bathtub; Clubhouse; Elevator Passenger; Fire System; Laundry - 1st Floor; Other Amenities; Primary Bedroom w/Bath; Security System; Shower; Walk-in Closets
Patio and Porch Features: Deck
Driveway: Common
Parking: 1 - 4 Spaces; On Site
Vehicle Storage: 1 Car; Auto Door Opener; Underground
Restrictions: 2 Pets
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Room Information
Primary Bedroom
Level: First
Bedroom 2
Level: First
Bedroom 3
Level: First
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Den
Level: First
Laundry
Level: First
Documents
Listing Office: Elevate Maine Realty
Last Updated: April - 16 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.